Process budget data

The data from the budget transactions and actual transaction in LN is transferred to the Infor BI Reporting tool. The base data for the budget transactions is retrieved from the bottom-up budget data. The base data for the actual transactions is retrieved from the project cost ledger data. You can use the Earned Value Method and Budget panes to maintain and modify the budget transactions.

Maintain Earned Value Data

Use the Maintain Earned Value Data option to maintain the earned value methods of the activities that are used in the time-phased budget.

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Maintain Budget Version

Use this pane to maintain the budget versions. Complete the following steps:

  1. Specify the data for which you want to generate the version, using the data filters.
  2. View the budget version code, status of the version and the date of approval of the budget version, if the status is Approved.
  3. Add a new version, if required.
Generate Inprocess Budget

Use this pane to generate Inprocess budget. Complete the following steps:

  1. Specify the data for which you want to generate the report, using the data filters.
  2. Click [...] to generate inprocess budget by copying the budget data from LN or click [...] to generate the budget using the last approved budget version in the BI.
Note

If the budget data is transferred from LN to BI for the first time, the Inprocess budget is populated by default. Running the Generate Inprocess Budget process is no longer mandatory.

Maintain inprocess budget by Project / Activity / Control Code

Use this pane to maintain the inprocess budget by Project / Activity / Control Code. Complete the following steps:

  1. Specify the data for which you want to maintain the budget, using the data filters.
  2. View the control code, and the related budget in LN and in BI.
  3. Click [...] to add control codes. The following pane is displayed: [...]
  4. Select the control codes for which the budget lines have to be added.
Maintain Inprocess budget by Project / Activity / Cost Component

Use this pane to maintain the Inprocess budget by Project / Activity / Cost Component. Complete the following steps:

  1. Specify the data for which you want to maintain the budget, using the data filters.
  2. View the cost component and the related budget in LN and in BI.
  3. Click [...] to add cost components. The following pane is displayed: [...]
  4. Select the cost component codes for which the budget lines have to be added.
Display Inprocess Budget

Use this pane to view the Inprocess budget. Complete the following steps:

  1. Specify the range of data for which you want to generate the report.
  2. Review the project and the Inprocess budget version for the project in the selected currency.
  3. Click the project code in the Project field. The following pane is displayed: [...]
  4. Click Inprocess Budget by Project / Activity to view the report for inprocess budget at the activity level.
  5. Review the Inprocess budget at the activity level for the project.
  6. Click the activity code in the Activity field.
  7. Click Inprocess Budget by Project / Activity / Cost Component or the Inprocess Budget by Project / Activity / Control Code to view the report for inprocess budget at the cost component or the control code level.
  8. Review the budget data at the cost component or control code level for the activity.
Approve Budget Version

Use this pane to approve the Inprocess budget version. Complete the following steps:

  1. Specify the data to select the budget version to be approved, using the data filters.
  2. Click [...] to approve the selected budget version.
Maintain Schedule Version

Use this pane to view and maintain schedule versions for the project. Complete the following steps:

  1. Select the company and project code for which you want to maintain the version.
  2. Enter the Version code and description to create and maintain a new schedule version in BI.
Generate Schedule by Project

The Generate Schedule by Project pane is used to generate schedules using the schedule versions created using the Maintain Schedule Version pane. This version captures the current schedule data.

Use this pane to generate a new schedule for the project. Complete these steps:

  1. Select the company and project code for which you want to generate the schedule.
  2. Select the schedule version for which you want to generate the schedule.